Davis Polk Advises BBVA USA on Its $600 Million Senior Notes Offering

Davis Polk advised BBVA USA, a wholly owned subsidiary of BBVA USA Bancshares, Inc., in connection with the offering of $600 million aggregate principal amount of its 2.500% senior notes due 2024. The notes were sold under BBVA USA’s $5 billion global bank note program. The notes were offered pursuant to an exemption from registration provided by Section 3(a)(2) of the Securities Act.

Headquartered in Birmingham, Alabama, BBVA USA ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest in the Sunbelt.

The Davis Polk corporate team included partner John B. Meade, counsel Marc D. Swenson and associate Jaryn S. Fields. Partner Margaret E. Tahyar and associate Tyler X. Senackerib provided financial institutions advice. The tax team included partner Michael Farber and associate Jonathan Saltz. All members of the Davis Polk team are based in the New York office.